The Cabinet Committee on Economic Affairs on Wednesday approved an equity investment of ₹1,033.54 crore by Rashtriya Chemicals & Fertilizers Limited (RCF) for a fertilizer project in Talcher, Odisha.
“…has approved the proposal of the Department of Fertilizers for equity investment of ₹1,033.54 crore… of the total project cost for setting up a coal gasification-based fertilizer project in Talcher Fertilizer Ltd. by RCF,” a government release said.
Talcher Fertilizer, incorporated in November 2015, is a joint venture formed by GAIL, RCF, CIL and FCIL to revive the Talcher plant. While GAIL, RCF and CIL each hold 29.67% in the firm, FCIL holds 10.99%.
